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Hispanics More Than Double Education Spending
During National Hispanic Heritage Month the U.S. Bureau of Labor Statistics (BLS) examined changes in Hispanic or Latino household spending from 2007 to 2017.
BLS found that during this period, on average, Hispanic or Latino households more than doubled spending on education. This compared with an increase of 58% for all households. See the accompanying figures.
According the BLS, Hispanic or Latino household spending on reading increased 26% from 2007 to 2017, compared with a decrease of 7% for all households. The BLS also found that during that time frame household spending on reading increased 2% for non-Hispanic Black or African-Americans, and decreased 6% for non-Hispanic Whites and all other races.
However, from 2007 to 2017, cash contributions by Hispanic or Latino households decreased 10%, reports BLS. This compared with an increase of 21% by Black or African-American households, and an increase of 4% for Whites and all other races, notes the Bureau.
These statistics come from the Consumer Expenditure Surveys, www.bls.gov/cex, according to BLS. They’re based on households, or consumer units, include families, single persons living alone or sharing a household with others, but who are financially independent, or two or more persons living together who share expenses.
More details about this report from BLS, U.S. Department of Labor (DOL) and TED: The Economics Daily can be found at www.bls.gov/opub/ted/2018/hispanic-or-latino-households-more-than-double-spending-on-education-from-2007-to-2017.htm.
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